Stephanie & Steve Catcher - Home
Kitchener & Orangeville
Toll Free: 1-800-461-2686
 

Last will and testament: ensuring your will is executed

A properly prepared will - reviewed periodically to allow for changes in your personal, emotional, and financial situations - is critical to successful estate planning. Without a will, your financial affairs will be in limbo after your death and it will take some time before a provincial court will appoint an administrator. A will gives you the opportunity to put the right person in charge as executor and to designate who will inherit your assets.

 

Your will should be updated as changes in your life occur.

 

These changes may include:

- A death, birth, marriage, divorce of your beneficiaries.
- Your divorce or remarriage.
- A change in your executor/estate liquidator or trustee.
- The deletion or addition of a gift or bequest.
- A change in the value of your property.
- The change of residence to another province or country.
- The acquisition of property in another province or country.
- A major unexpected increase or decrease in your net worth (or net assets).
- The addition of another dependent, such as a child, elderly parent or other relative.
- A major change in your insurance program.
- Changes in tax laws affecting inheritances.


Benefits you will gain by having a current will:

 

- You choose those people who will receive your property and assets.
- Your personal effects, memorabilia, and family heirlooms will go to those you've selected.
- Someone you know and trust will administer your estate. That person will be able to locate your assets and pay your bills.
- Depending on your marital status, you'll be able to name the guardian of any minor children.
- The possibility of costly and lengthy estate litigation is reduced.
- Your executors will be aware of your wishes regarding burial or cremation.
- You will be able to appoint those people who will hold, invest and manage the share of your estate for any minor children or grandchildren.


To avoid difficulties and additional costs of administering your estate, a lawyer or legal advisor can assist you in the preparation of a will.

 

Where will your estate end up?

Subscribe to this Blog Like on Facebook Tweet this! Share on Google+ Share on LinkedIn

Contributors

Mark Carruthers
5
August 13, 2019
show Mark 's posts
Gary Brown
1
July 23, 2019
show Gary's posts
Jennifer Roth
15
July 22, 2019
show Jennifer's posts
Stephanie Catcher
29
June 27, 2019
show Stephanie's posts
Tia Lougas
6
April 23, 2019
show Tia's posts
Steve Catcher
6
June 9, 2014
show Steve's posts

Archive

Current

Show Latest Posts

2019

August
Home renovations & Hom ...
July
5 Steps To Tackling De ...
Cleaning Tips For Sell ...
Home Staging in 3 Step ...
June
Going away for the Hol ...
Send Me Your Wish List
8 Reasons Why You Shou ...
Why Neutral Is Best Wh ...
Your Couch is a Beast!
Trivia Nights in Kitch ...
Pools & Splashpads In ...
Your Photos are Distra ...
Why I love Red Eye Caf ...
Termites in Kitchener ...
May
10 Things Your Home St ...
Multiple Offer - Buyer ...
Multiple Offers - Sell ...
Best Burgers In Waterl ...
Is Furniture Holding y ...
Outdoor Fires In Water ...
Signs that your Home i ...
Business Spotlight Kit ...
Ice Cream In Kitchener ...
April
Do it for Yourself
When Should You Call a ...
3 Tips for Making a Ne ...
Business Spotlight - B ...
Business Spotlight - Z ...
March
Attending Open Houses
Business Spotlight - G ...
What to do in Kitchene ...
Keep your Floors Clean ...
Business Spotlight - L ...
Museums in Kitchener/W ...
Business Spotlight - M ...

2017

April
Sellers Market - How t ...

2014

July
When Should You Stage?
Last will and testamen ...
Steps to financial ind ...
How to Score Free Land ...
June
Wild Things
What is the difference ...
May
Heritage in a Home
Renewing Your Mortgage ...
What Is Home Staging?
April
Thinking Bungalow
Understanding market v ...
Curb Appeal
Outside your Home Fact ...
Home Staging Curb Appe ...
Keep on top of your ch ...
Laddering investments
Home Based Business
How to choose a furnac ...
March
How to renovate and st ...
Using Your RRSPs To Bu ...
Location, Location, Lo ...
Fixed vs. Variable Rat ...
Why Home Staging Works
Why should you have li ...
Heating With Wood
February
How to Compromise and ...
(VIDEO) Barbara Corcor ...
2013 RRSP Deadline is ...
Watch Your Steps...
Home Searching for Pet ...
Your smoke alarm may f ...
Why do you love your H ...
5 Tips for Prioritizin ...
Save Money by Staging ...
Make the best choice f ...
Home Inspectors - Buye ...
Using a Mortgage Broke ...
Let's do the Time Warp ...
January
Choosing a home inspec ...
Home Staging Myths
Dryer vents could be a ...
Survey Helps Home Sell ...

Tags

Everything Buyers Sellers Restaurants Business Spotlight Home Maintenance Living in Kitchener/Waterloo
 
Stephanie & Steve Catcher sales representatives
© Copyright 2019 Stephanie and Steve Catcher. All Rights Reserved. Web Design and Content Management by REM Web Solutions.